Lighter Tops 24-Hour Volume on Perp DEXs, DefiLlama Data Reveals TVL and Open Interest

DefiLlama data show that in the last 24 hours, major Perp DEX activity remained largely stable, with open interest and TVL broadly steady. Notably, Lighter reasserted leadership, recording a trading volume near $61 billion as peers posted smaller moves.

Hyperliquid remains a liquidity heavyweight, posting a 24-hour trading volume of about $56.4 billion, a TVL near $41.2 billion, and open interest around $70.4 billion. Aster and EdgeX also reported solid demand, with roughly $41 billion and $27.6 billion in trading volume respectively.

Smaller venues show a modest footprint: ApeX around $18.9B in trading volume and $2.21B in open interest with TVL near $46.4M; Variational about $10.8B in trading volume and $5.03B in open interest; Backpack about $10.7B in activity (TVL undisclosed) and $2.21B open interest; Pacifica roughly $6B in trading volume with TVL around $41.5M.